A Special Report has been prepared by Wolters Kluwer Law & Business Principal Analyst, Jim Hamilton, entitled, “D.C. Circuit Vacates SEC Proxy Access Rule as Arbitrary and Capricious”. This report analyzes the unanimous ruling of the D.C. Circuit Court of Appeals that the U.S. Securities and Exchange Commission was arbitrary and capricious in promulgating the “proxy access” rule, Exchange Act Rule 14a-11.